Beacon, a UK-based purchasing company that helps businesses in the hospitality, leisure and healthcare sectors improve their profitability, has selected Ivalua Solution to automate and control all of its marketplace's invoicing and central billing activities.
Beacon's B2B marketplace connects suppliers with more than 2,500 customers in the UK. In addition to its core purchasing services, Beacon offers Central Billing where it collects customers' monthly Beacon supplier invoices and consolidates them into one bill. Beacon then collects the amount needed from the customer by direct debit and then makes payments to suppliers accordingly. Through this service, Beacon processes more than 400,000 invoices and 20,000 direct debits and payments each year.
Central Billing is a distinguishing service of Beacon that allows the suppliers and customers who use its marketplace to simplify their financial flows and accountability. By using Ivalua to further automate this process, Beacon is able to offer a more streamlined and user friendly service, as well as spend less time on cumbersome tasks and focus more of its efforts on customer care to provide its market-leading service.
"Having a solution that is both easy to use and powerful in terms of functionality is a key part of Beacon's growth strategy across the UK and beyond. Ivalua clearly delivers on both counts and we look forward to our long-term partnership," said Paul Connelly, Operations Director at Beacon.
Taking full advantage of Ivalua's flexible platform and single codebase, Beacon implemented the modules Supplier Repository, Supplier Registration and Purchase Requisitions to:
• Replace outdated applications and integrate with CRM, accounting and other systems
• Directly integrate with bank accounts to handle both direct debits and payments
• Reduce the Central Billing operating workload and overhead costs
• Provide spend analysis on the marketplace activity
• Adhere to UK and international compliance requirements
"Beacon's successful implementation of Ivalua Solution demonstrates the team's dedication to client success and the flexibility of the Ivalua tool. We are pleased and honored that Beacon allowed us this opportunity and look forward to continued achievements," said Daniel Amzallag, CEO of Ivalua, Inc.